The British Pound retains its strength against the US Dollar, with GBP/USD comfortably trading above the 1.2600 threshold after peaking on Monday at 1.2644, its highest since last August.
<p>Notes/Observations Risk-off sentiment in Europe was initial buoyed by concerns of stemming the coronavirus outbreak. Dealers cited a Thursday draft of the clinical trial results for COVID-19
Main scenario: consider long positions above the level of 1988.28 with a target of 2170.00 – 2220.00 after correction. Alternative scenario: breakout and consolidation below the level of 1988.28 will
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